Ashton Thomas Private Wealth LLC Boosts Position in The Home Depot, Inc. $HD

Ashton Thomas Private Wealth LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,856 shares of the home improvement retailer’s stock after acquiring an additional 1,296 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Home Depot were worth $10,213,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Solstein Capital LLC increased its stake in shares of Home Depot by 4.2% during the second quarter. Solstein Capital LLC now owns 6,334 shares of the home improvement retailer’s stock valued at $2,322,000 after buying an additional 255 shares during the period. Delta Investment Management LLC grew its stake in Home Depot by 24.1% in the second quarter. Delta Investment Management LLC now owns 1,216 shares of the home improvement retailer’s stock worth $446,000 after purchasing an additional 236 shares during the period. Riverwater Partners LLC grew its stake in Home Depot by 10.2% in the second quarter. Riverwater Partners LLC now owns 941 shares of the home improvement retailer’s stock worth $345,000 after purchasing an additional 87 shares during the period. Bolthouse Investments LLC grew its stake in Home Depot by 71.0% in the second quarter. Bolthouse Investments LLC now owns 1,556 shares of the home improvement retailer’s stock worth $571,000 after purchasing an additional 646 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Home Depot by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,605,695 shares of the home improvement retailer’s stock worth $955,351,000 after purchasing an additional 27,833 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Saturday. Robert W. Baird upped their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $435.42.

Home Depot Trading Up 0.5%

Home Depot stock opened at $386.83 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The business’s fifty day simple moving average is $402.68 and its two-hundred day simple moving average is $379.68. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market capitalization of $385.04 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.